Research
Research
Check out the GenFamEcon website! A series of webinars and workshops featuring research on gender and family economics
Shock Propagation in Decentralized Lending Networks: Evidence from the Compound Protocol 2026, with N. Tovanich, S. Kitzler, C. Makridis, and J. Prat. We study the propagation of financial shocks in decentralized finance (DeFi) using a novel dataset from Compound, a prominent DeFi lending application on Ethereum. Unlike traditional interbank networks, Compound exhibits a bipartite structure in which users lend and borrow via liquidity pools implemented as smart contracts. We construct daily balance sheets for users and pools from January 2020 to June 2024, model the liability network, and apply a propagation algorithm that captures the impact of liquidations following token-specific price shocks. We assess our model’s ability to predict financial stress and show that network-based measures provide substantial predictive power beyond standard financial indicators. These results underscore the need for topology-aware risk monitoring in algorithmic credit systems.
Resubmitted Review of Finance Special Issue “The Future of Payments: CBDC, Digital Assets, and Digital Capital Markets.”
Migration, Social Change, and the Early Decline in the United States Fertility 2026. The fertility transition in the United States began unusually early, predating industrialisation and urbanisation by several decades. This paper argues that internal migration played a central causal role. Using individual-level linked census records and federal Bounty Land Warrant allocations as an instrument for east-to-west migration, I find that migration caused a significant decline in the child-woman ratio in origin counties, with effects increasing monotonically in migration distance. The mechanism operates through the intergenerational insurance channel: long-distance migration severed co-residence and transfer arrangements that had sustained large family norms in agricultural America, reducing the old-age insurance value of children and shifting households toward formal savings. Instrumented migration significantly reduced multigenerational co-residence, left local marriage rates unchanged, and brought banking institutions closer to migrant-sending counties.
Towards Gender Equity in Academia: Strategies and Tools for Universities 2026, with V. Naciti, Vol. 9 No. 1: 9th International Conference on Gender Research. DOI: https://doi.org/10.34190/icgr.9.1.4609
Fundamental Pricing of Utility Tokens 2025, with V. Danos and J. Prat. Management Science, https://doi.org/10.1287/mnsc.2023.00566
La maternité controversée sur le terrain du football : Une analyse croisée entre France et Angleterre 2024, with M.-S. Abouna, J. Forsyth, S. Brodziak, A. Blackett, Nouvelles Questions Féministes, Vol.43, N.2.
Gender Differences in Burnout Syndrome and Perceptions of Gender Equality in Research Organisations 2022, Vol. 5 No. 1: 5th International Conference on Gender Research. DOI: https://doi.org/10.34190/icgr.5.1.88 [DATA]
Marriage Strategy Among the European Nobility 2020, with J. Pouyet and T. Tregouet. Explorations in Economic History, Volume 75, January. Replication files are available at OpenICPSR. DOI: https://doi.org/10.1016/j.eeh.2019.101303
Welfare and Trade Elasticity with Multinational Production 2020, with P. Bombarda. The World Economy, Volume 43, Issue 2, pp. 388-411, February. DOI: https://doi.org/10.1111/twec.12850
Taxation and Female Labor Supply in Italy 2015, with F. Colonna, IZA Journal of Labor Policy, 4:5 (19 March 2015). DOI: https://doi.org/10.1186/s40173-015-0030-0
Winner of the Prize in Memory of Maria Concetta Chiuri 2011, SIEP
(Selected coverage: La Voce; InGenere; Espresso; NoiseFromAmerika; Linkiesta)
Unemployment Duration of Spouses: Evidence From France 2014, LABOUR: Review of Labour Economics and Industrial Relations, Vol. 28(4), pp. 399-429, December. DOI: http://dx.doi.org/10.1111/labr.12042
Until Death Do Us Part? The Economics of Short-Term Marriage Contracts 2014, with G. Ponthiere, Population Review, Vol. 53(1), pp.19-32. DOI: https://doi.org/10.1353/prv.2014.0001
(Selected coverage: PSE "5 articles...en 5 minutes"; Libération; The Toronto Star)
Divorce Laws and Divorce Rate in the U.S. 2013, The B.E. Journal of Macroeconomics, Vol. 13(1), pages 39, August. DOI: https://doi.org/10.1515/bejm-2012-0149
Les femmes, le football et autres sports de ballon - Enjeux, défis, bonnes pratiques et nouvelles représentations 2024, Sous la direction de Marie-Stéphanie Abouna, Sylvie Brodziak et Stefania Marcassa, Genre(s) et création, Éditions Le Manuscrit, Paris (ISBN 978-2-304-05616-7), 2024.
"Handbook For Sustainanble GEPs", 2023, Edited by Tindara Addabbo and Giovanna Badalassi. Authors: Tindara Addabbo, Giovanna Badalassi, Ulpiana Kocollari, Jennifer Dahmen-Adkins, Silvia Donoso López, Aleksandra Drecun, Stefania Marcassa, Valeria Naciti, Corinna Pusch, Ingrid Shuli. (LeTSGEPs). ISBN : 978-88-89427-06-4 [English version, Version française] English: https://doi.org/10.5281/zenodo.10849023 - French: https://dx.doi.org/10.5281/zenodo.10987760
Tokens and ICOs: A Review of the Economic Literature 2021, with A. Canidio, V. Danos, and J. Prat, in Principles of Blockchain Systems, Antonio Fernández Anta, Chryssis Georgiou, Maurice Herlihy, and Maria Potop-Butucaru, Synthesis Lectures on Computer Science, August 2021, Vol. 9, No. 2, Pages 1-213 (https://doi.org/10.2200/S01102ED1V01Y202105CSL014)
The Hedonic Price of the British Noble Husbands (with Marc Goni and Pauline Morault)
Gender Equality Certification and Female Labor Market Outcomes in Italy: Evidence from the PNRR Reform
Other Publications
"Synthèse des travaux du consrotium international égalité femmes-hommes / 2023", Agence Universitaire de la Francophonie.
"Se il fisco scoraggia il lavoro delle donne" , F. Colonna e S. Marcassa, Prospettive Sociali e Sanitarie, Anno XLII, Maggio 2012, p.29-30.
Intra-Firm Trade, Multinational Production, and Welfare 2017, with P. Bombarda. THEMA Working Paper 2017-15. We propose a model where firms have access to competing market strategies: export and multinational production. Due to technological appropriability issues, foreign affiliates import an intermediate input from the home headquarters. The presence of export and multinational production alters the standard results obtained for welfare in heterogeneous firm models, through a double truncation of the productivity distribution. The model is then calibrated to analyze counterfactual scenarios. We find that welfare gains from intra-firm trade range from 0.3 to 7 percent depending on country characteristics.